Mackay Shields Lowers stake in STARWOOD HOTELS & RESORTS COM (HOT)

STARWOOD HOTELS & RESORTS COM (HOT) : Mackay Shields reduced its stake in STARWOOD HOTELS & RESORTS COM by 47.58% during the most recent quarter end. The investment management company now holds a total of 110,170 shares of STARWOOD HOTELS & RESORTS COM which is valued at $8,704,532 after selling 100,000 shares in STARWOOD HOTELS & RESORTS COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.STARWOOD HOTELS & RESORTS COM makes up approximately 2.33% of Mackay Shields’s portfolio.

STARWOOD HOTELS & RESORTS COM opened for trading at $79.42 and hit $81.17 on the upside on Wednesday, eventually ending the session at $81.1, with a gain of 1.96% or 1.56 points. The heightened volatility saw the trading volume jump to 61,27,663 shares. Company has a market cap of $13,686 M.

Other Hedge Funds, Including , Lodestar Investment Counselil reduced its stake in HOT by selling 510 shares or 14.13% in the most recent quarter. The Hedge Fund company now holds 3,100 shares of HOT which is valued at $244,931. STARWOOD HOTELS & RESORTS COM makes up approx 0.03% of Lodestar Investment Counselil’s portfolio.Gofen Glossberg Il boosted its stake in HOT in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 2,981 shares of STARWOOD HOTELS & RESORTS COM which is valued at $239,643. STARWOOD HOTELS & RESORTS COM makes up approx 0.01% of Gofen Glossberg Il’s portfolio. Dnb Asset Management As added HOT to its portfolio by purchasing 28,549 company shares during the most recent quarter which is valued at $2,295,054. STARWOOD HOTELS & RESORTS COM makes up approx 0.05% of Dnb Asset Management As’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in HOT in the latest quarter, The investment management firm added 3,276 additional shares and now holds a total of 41,089 shares of STARWOOD HOTELS & RESORTS COM which is valued at $3,303,145. STARWOOD HOTELS & RESORTS COM makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.

On the company’s financial health, STARWOOD HOTELS & RESORTS COM reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.79. The company had revenue of $1433.00 million for the quarter, compared to analysts expectations of $1429.89 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on STARWOOD HOTELS & RESORTS COM. STARWOOD HOTELS & RESORTS COM was Upgraded by Susquehanna to ” Positive” on Apr 4, 2016. Company shares were Reiterated by Canaccord Genuity on Mar 23, 2016 to “Buy”, Firm has raised the Price Target to $ 88 from a previous price target of $76 .STARWOOD HOTELS & RESORTS COM was Downgraded by Susquehanna to ” Neutral” on Mar 22, 2016.

Starwood Hotels & Resorts Worldwide Inc. is a hotel and leisure company. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company owns Starwood Vacation Ownership Inc. a provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. It manages and operates its hotel business in three hotel segments: the Americas Europe Africa and the Middle East (EAME) and Asia Pacific. Its vacation ownership and residential business is a separate segment. As of December 31 2014 the Company’s hotel business included 1207 owned managed or franchised hotels with approximately 346600 rooms comprising 36 hotels that it owns or leases or in which the Company has a majority equity interest 583 hotels managed by the Company on behalf of third-party owners and 588 hotels for which it receives franchise fees.

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